DTAA Rate Prevails over 20% TDS Without PAN Payments to Foreign Companies: SC
Supreme Court rules on 25 Nov 2025 that DTAA rates (10–15%) apply over Section 206AA’s 20% TDS even if foreign vendor has no PAN. Big relief for IT companies …
Tag: TDS
Simplification of TDS/TCS Compliance in Income Tax Bill 2025
Income Tax Bill 2025 streamlines TDS/TCS provisions by merging multiple sections, reducing word count, and retaining current tax rates for easier compliance and clarity.
CBDT Notifies TDS Exemption for Certain Payments to IFSC Units from April 1, 2024
CBDT has notified that no TDS is required to be deducted on specified payments made to IFSC Units effective from April 1, 2024, vide Notification 28/2024
Form 26QE Due Date Extended for TDS on Virtual Digital Assets: Circular 4/2024
CBDT extends Form 26QE filing due date to 30.05.2023 for TDS on virtual digital asset transfers from 01.07.2022 to 28.02.2023, vide Circular 4/2024.
CBDT Guidelines for ECOs on TDS u/s 194-O (Circular 20/2023)
CBDT has issued detailed guidelines regarding Tax Deduction at Source (TDS) u/s 194-O in the case of e-commerce operators (ECOs), vide Circular 20/2023.
206AB & 206CCA Compliance Verification for Tax Deductors Simplified
The Income Tax Department enabled a Compliance Check functionality to help tax deductors and collectors verify Specified Person status under 206AB & 206CCA. Learn how deductors can use PAN …
New I-T Rule 134 for Claiming Credit of TDS u/s 155(20) in Form 71
Explore CBDT Notification 73/2023 regarding procedure under New I-T Rule 134 for Claiming Credit of TDS u/s 155(20) in Form 71.
CBDT Amends I-T Rule 26: Exchange Rate for TDS on Forex Payments
An overview of the CBDT's latest amendment to Income Tax Rule 26, outlining specified exchange rates for TDS on foreign currency payments.
TDS Exemption u/s 194-I for IFSC Lessor Ships Lease Rent: CBDT Notification
CBDT notifies exemption from TDS u/s 194-I on lease rent or supplemental lease rent of a ship received by a unit operating within an IFSC, vide Notification 57/2023.
TDS Exemption on Dividends for IFSC Units in Aircraft Leasing: CBDT Notification
CBDT has issued Notification 52/2023 on TDS exemption for IFSC units engaged in aircraft leasing, subject to compliance with prescribed procedure.